Truist Financial Corp Raises Position in Saia, Inc. (NASDAQ:SAIA)

Truist Financial Corp increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 25.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,715 shares of the transportation company’s stock after purchasing an additional 5,643 shares during the period. Truist Financial Corp’s holdings in Saia were worth $13,145,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SAIA. Pineridge Advisors LLC acquired a new position in Saia during the 4th quarter worth approximately $26,000. Core Wealth Advisors Inc. acquired a new stake in shares of Saia in the 4th quarter valued at approximately $32,000. Blue Trust Inc. boosted its stake in shares of Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Rise Advisors LLC acquired a new position in Saia during the first quarter worth $40,000. Finally, Quarry LP purchased a new position in Saia in the second quarter worth $41,000.

Analyst Ratings Changes

Several equities research analysts have commented on SAIA shares. Evercore ISI decreased their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research report on Thursday. Benchmark restated a “buy” rating and set a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. JPMorgan Chase & Co. lifted their price target on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Bank of America upped their price target on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Barclays dropped their price target on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average target price of $488.43.

Saia Trading Up 0.4 %

Shares of Saia stock opened at $428.14 on Friday. Saia, Inc. has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The business’s fifty day moving average is $406.02 and its two-hundred day moving average is $452.03. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a market cap of $11.38 billion, a PE ratio of 31.02, a P/E/G ratio of 2.05 and a beta of 1.74.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The business had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. Analysts anticipate that Saia, Inc. will post 13.91 earnings per share for the current year.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.